(Courtesy photo) Porsche has offered 100.92 pounds per ordinary share for Wolfsburg-based Volkswagen.

This entry was posted on Tuesday, May 1st, 2007 at 6:16 am and is filed under Misc. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Germany's financial regulators have approved automaker Porsche AG's takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 percent in the company in a move designed to prevent a hostile takeover. Porsche has said it doesn't plan to acquire Wolfsburg-based Volkswagen outright, and has offered 100.92 pounds per ordinary share.

This entry was posted on Tuesday, May 1st, 2007 at 6:13 am and is filed under Misc. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.